Neiman Marcus Q3 Sales Up on Catalogs, Online

Mother's Day promo at Neiman Marcus

Dallas—Neiman Marcus Inc. reported Thursday that its third quarter sales rose 6.7% boosted by a 17.5% jump in comparable sales at its catalog and online business.

For the quarter ended April 28, the parent to Neiman Marcus stores and Bergdorf Goodman said preliminary sales were $1.05 billion compared with $984 million a year ago.

At the company’s Specialty Retail Stores, which include Neiman Marcus, Bergdorf Goodman and Last Call, comparable store sales were up 4.3%. Strongest sales growth was reported at stores in the Southeast and Texas. Best performing categories included women’s contemporary sportswear and footwear, designer handbags, beauty and men’s.

But comparable store sales soared 17.5% at Neiman Marcus Direct, which produces 80 catalogs annually and operate websites NeimanMarcus.com, BergdorfGoodman.com, LastCall.com, Cusp.com and Horchow.com. The top selling merchandise categories in the Direct Marketing segment included women’s apparel and handbags, jewelry, beauty and men’s.

In an interview this week with D Magazine, Karen Katz, Neiman’s chairman, said the company’s e-commerce business gains might mean fewer brick-and-mortar stores in the future. Katz also said that footwear is the No. 1 category for online sales.

 

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  • Jane_McGanty

    I believe it NM has come a long way with their online offerings.

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